Corporation Tax Act 2009 (Version in vigour from 2022-05-24 to )

Consolidated Text

As Enacted

Cited authorities 371

Cited in

Currency	No known outstanding effects
Coming into Force	24 May 2022

Contenidos

Corporation Tax Act 2009
Part 1: Introduction

A1: Overview of the Corporation Tax Acts

1: Overview of Act

Part 2: Charge to corporation tax: basic provisions

Charge to tax on profits

2: Charge to corporation tax
3: Exclusion of charge to income tax
4: Exclusion of charge to capital gains tax

General scheme of corporation tax

5: Territorial scope of charge
5A: Arrangements for avoiding tax
5B: Trade of dealing in or developing UK land
6: Profits accruing in fiduciary or representative capacity
7: Profits accruing under trusts
8: How tax is charged and assessed

9: Beginning of accounting period

10: End of accounting period

11: Companies with more than one accounting date

12: Companies being wound up

13: Overview of Chapter

14: Companies incorporated in the United Kingdom

15: Continuation of residence established under common law

16: SEs which transfer registered office to the United Kingdom

17: SCEs which transfer registered office to the United Kingdom

18: Companies treated as non-UK resident under double taxation arrangements

Exemption

18A: Exemption for profits or losses of foreign permanent establishments
18B: Chargeable gains etc
18C: Capital allowances etc
18CA: Income arising from immovable property
18CB: Profits and losses from investment business
18D: Payments subject to deduction
18E: Employee share acquisitions
18F: Effect of election

Anti-diversion rule

18G: Anti-diversion rule
18H: What are “diverted profits”?
18HA: Modification of Chapter 3 of Part 9A of TIOPA 2010: Chapter 3 of Part 9A of TIOPA 2010 (the CFC charge gateway: determining which of Chapters 4 to 8 applies) applies for the purposes of section 18H(2) with the omission of—
18HB: Modification of Chapter 4 of Part 9A of TIOPA 2010
18HC: Modification of Chapter 5 of Part 9A of TIOPA 2010: Chapter 5 of Part 9A of TIOPA 2010 (the CFC charge gateway: non-trading finance profits) applies for the purposes of section 18H(2) with the omission of—
18HD: Modification of Chapter 7 of Part 9A of TIOPA 2010
18HE: Modification of Chapter 9 of Part 9A of TIOPA 2010
18I: Exemptions from anti-diversion rule
18IA: The excluded territories exemption
18IB: The low profits exemption
18IC: The low profit margin exemption
18ID: The tax exemption

Companies with total opening negative amount

18J: Companies with total opening negative amount
18K: Total opening negative amount: “matching”
18L: Streaming
18M: Streamed opening negative amounts: “matching”
18N: Residual opening negative amount: “matching”
18O: Transfers of foreign permanent establishment business

Special cases

18P: Exclusions
18Q: Insurance companies

Interpretation

18R: Meaning of “full treaty territory”
18S: Other interpretation

Chargeable profits

19: Chargeable profits
20: Profits attributable to permanent establishment: introduction

The separate enterprise principle

21: The separate enterprise principle
22: Transactions treated as being on arm's length terms
23: Provision of goods or services for permanent establishment
24: Application to insurance companies

The separate enterprise principle: application to non-UK resident banks

25: Non-UK resident banks: introduction
26: Transfer of financial assets
27: Loans: attribution of financial assets and profits arising
28: Borrowing: permanent establishment acting as agent or intermediary

Rules about deductions

29: Allowable deductions
30: Restriction on deductions: costs
31: Restriction on deductions: payments in respect of intangible assets
32: Restriction on deductions: interest or other financing costs

33: Trade includes office: In this Part, except in so far as the context otherwise requires—

Part 3: Trading income

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Corporation Tax Act 2009 (Version in vigour from 2022-05-24 to )

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